Available sublease space in Chicago's central business district has set a new record, topping 6.4M SF, according to a report from MB Real Estate.
Almost half of the sublease space is in the West Loop, 136 separate office parcels encompassing more than 2.7M SF, with 26 spaces each over 50K SF. Months on the market for sublease space in Chicago's CBD average 23.9%, MBRE's report said.
Subleasing availability in Chicago's CBD has nearly doubled since the pandemic began, increasing 96.5% since between Q1 2020 and Q3 2022.
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